13.9 C
New York
Sunday, November 17, 2024

Another Example of a Weak Bounce

Another Example of a Weak Bounce

Courtesy of Rob Hanna at Quantifiable Edges

My studies indicated a bounce was likely yesterday. It arrived, but unfortunately it was another example of a weak bounce. Below is a study that looks at SPY bounces from lows that lack volume.

(click to enlarge)

SPY closes at lows tablet

The only instance that did NOT post a lower close within 3 days was just 2 weeks ago – on 6/23/09.

1 COMMENT

Subscribe
Notify of
1 Comment
Inline Feedbacks
View all comments

Stay Connected

156,485FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

1
0
Would love your thoughts, please comment.x
()
x